Suppose a New Business Makes a $1,000 Profit in Its

Multiple Choice

Suppose a new business makes a $1,000 profit in its first month and has its profit increase by 13% each month for the next 2 years. How much profit will the business earn in its 15^th month? Round your answer to the nearest cent. ​

A) $6,254.27
B) $5,534.75
C) $7,067.33
D) $4,898.01
E) $1,130.00